Busey Wealth Management Acquires 3,032 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 25th, 2022

Busey Wealth Management boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,470 shares of the transportation company’s stock after buying an additional 3,032 shares during the period. Busey Wealth Management owned approximately 0.05% of Expeditors International of Washington worth $8,428,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its position in shares of Expeditors International of Washington by 605.6% during the second quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 218 shares during the period. Allworth Financial LP increased its position in shares of Expeditors International of Washington by 2,866.7% during the second quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 258 shares during the period. Riverview Trust Co bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $28,000. TCI Wealth Advisors Inc. increased its position in shares of Expeditors International of Washington by 3,625.0% during the second quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 290 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $29,000. 89.56% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $93.62 on Tuesday. The firm has a market cap of $15.71 billion, a P/E ratio of 10.32 and a beta of 0.91. The business’s fifty day moving average is $96.53 and its two-hundred day moving average is $100.14. Expeditors International of Washington, Inc. has a 52 week low of $86.08 and a 52 week high of $137.80.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.18. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.70 billion. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The business’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXPD. Barclays lowered their price target on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, October 13th. Wells Fargo & Company lowered their price target on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. StockNews.com began coverage on Expeditors International of Washington in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley lowered their price target on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating on the stock in a research report on Monday, October 3rd. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.75.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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